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Natural Hazard Risk

Hurricane Harvey: Identifying the Insurance Gap

CoreLogic estimates that 70 percent of the flood damage from Hurricane Harvey is uninsured

Tom Larsen    |    Natural Hazard Risk

Flood Risk Map Harris County TX

As hurricane Harvey made landfall north of Corpus Christi last week, this Category 4 hurricane left devastation in its wake. CoreLogic® estimates that the total residential insured and uninsured flood loss for Hurricane Harvey is between $25 Billion and $37 billion. In the days before making landfall, the hurricane rapidly intensified, transforming itself from a small tropical storm of...

Nearly 6.9 Million US Homes at Risk of Hurricane Storm Surge Damage

Total Reconstruction Cost Value is More Than $1.5 Trillion

Tom Jeffery    |    Natural Hazard Risk

Total Number of Homes at Risk Nationally Storm Surge

It’s no surprise that residential homes in the U.S. located along the Atlantic and Gulf coasts are susceptible to damage from storms and hurricanes, and data shows that potential damage from a single hurricane could exceed well beyond a billion dollars. However, the risk of storm surge flooding is not uniform along the coast and certainly not limited to states with a reputation of more...

Hail Verification: Closer to Ground Truth

Superior Data In. Superior Results Out.

Daniel Betten    |    Natural Hazard Risk

Presence/Absence of Hail

Thunderstorms are some of the most dynamic phenomenon on earth, and result in a variety of hail sizes from the size of a pea, to larger than softballs. In addition to the inconsistency in size, the hail fall often varies over short geographic distances. Every year, hail damage is a significant contributor of insurance claims and losses in the Continental United States. Furthermore, hail damage...

Earthquake Risk: Spotlight on the Changing Risk in Oklahoma

What a Difference a Year Makes

Maiclaire Bolton    |    Natural Hazard Risk

Number of Earthquakes M3.0 or Higher Per Year in OK

For nearly the past decade, the growing number of earthquakes in Oklahoma has gained widespread attention. As described in the CoreLogic Insights Blog Earthquake Risk: Spotlight on Oklahoma, it has been...

Understanding the Science Behind Wind Verification Technology

Improvements in Science and Tools Enable Sophisticated Post Storm Response

Daniel Betten    |    Natural Hazard Risk

Hurricane Sandy 2012

Did you know that wind is one of nature’s most difficult hazards to measure? The damage caused from it can potentially go undetected for months, as unlike hail, which can be visually seen and, can often concentrate in the center of severe storms, wind is invisible and depending on geography, can vary widely over small areas. Each year, extreme weather events, including wind, pose a...

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